The National Bank of Ukraine set noon on June 15 as a reference value of the exchange rate of 26 hryvnia 85 kopecks per dollar. This is 12 kopecks more than the official rate set for Monday. On the Ukrainian interbank foreign exchange market, the trend, which began last week, continues – the demand exceeds the supply of foreign currency.
According to Finance.ua, as of 13:15, quotes are 26 hryvnia 84.5–86.5 hryvnia per dollar. “Trading in the dollar takes place with an active growth in demand for currency. There are transactions in lots of up to $ 1 million.
Demand is mainly formed by non-residents, and state-owned banks act as sellers. According to rumors, “Naftogaz” took advantage of the situation and “wastes” the currency, ”analysts of the website“ Ministry of Finance ”wrote about the course of trading as of 12:00. An important factor that will influence the course of trading is set for Tuesday, June 16, the auction for the sale of government bonds.
“After the discount rate has been cut to 6%, a new battle for the yield on the new bonds will now unfold. At the last auction on June 9, investors were in a hurry to fix the old yield (with the accounting NBU at 8%) and were able to buy securities with a yield of 9% to 10.80% per annum. Therefore, now officials are unlikely to be able to abruptly lower it, but they will strive for it.
The preparation, conduct and results of the auction will affect both the resource and indirectly the foreign exchange markets, starting from Monday to Wednesday, “analysts point out. In a wide corridor of 26.5-27 hryvnia per dollar, the exchange rate has been holding for more than two and a half months, since the end of April.